Ngozi Okonjo-Iweala, finance minister of Nigeria, discusses the problem of oil theft and pipeline vandalism in the country.» Read More
KANO, Nigeria, Oct 1- The purported leader of Boko Haram, the Islamist sect in Nigeria, has denied government statements the group is involved in peace talks and has said its spokesman Abu Qaqa has been captured by security forces.
The court kicks off its new term with arguments over whether businesses and individuals can be sued in the U.S. for conduct that takes place on foreign soil and has foreign victims.
This is the face of new, high-end hotels in Africa. International hotel developers are planning nearly 40,000 new rooms across Africa in the coming years. Travel and tourism in Africa generates about $164 billion a year, 9 percent of the continent's total GDP, said David Scowsill, president and chief executive of World Travel& Tourism Council.
LAGOS, Nigeria-- The traffic begins long before dawn in Nigeria's largest city. The poor crowd onto benches welded inside dented, clattering buses. In Lagos, which is predicted to overtake Cairo as Africa's most populous city in 2015, the traffic jams that Nigerians call "go-slows" can strike at any moment.
LONDON, Oct 1- Brent crude fell below $112 per barrel on Monday, reflecting investor concerns that a shaky global economy may hurt oil demand following fresh signs of weakness in China and Japan and evidence of a new recession in the debt-saddled euro zone.
*Japan's business sentiment worsens- tankan. SINGAPORE, Oct 1- Brent crude fell below $112 per barrel on Monday, reflecting investor concerns a shaky global economy may hurt oil demand following fresh evidence of weakness in China and Japan as well as persistent worries about the debt-saddled euro zone.
*Japan's business sentiment worsens- Tankan. SINGAPORE, Oct 1- Brent crude fell below $112 per barrel on Monday, reflecting investor concerns a shaky global economy may hurt oil demand following fresh evidence of weakness in China and Japan as well as persistent worries about the debt-saddled euro zone.
*NAIROBI- Industry regulator Tea Board of Kenya releases performance report. global growth, with data from Japan to China underscoring sluggish business. weakness in China and Japan as well as persistent worries about the.
*Qua Iboe valued at dated plus $2.30- $2.60. GENEVA, Oct 1- Nigeria's largest crude stream, Qua Iboe, showed signs of stalling on Monday after a flurry of deals last week that boosted differentials to six-month highs.
Ngozi Okonjo Iweala, Finance Minister of Nigeria and Coordinating Minister for Economy debunks claims of how China might be exploiting Africa in certain unsavory regimes.
Michael Bagley, president of corporate intelligence firm Jellyfish Operations, and security expert Jennifer Giroux discuss how companies can plan and react in hostile environments.
The prospect of the World Bank being led by someone from outside the U.S. for the first time seemed nearer on Friday, as several African nations backed Nigerian Finance Minister Ngozi Okonjo-Iweala for the job.
With the most recent data from the Energy Information Administration and the CIA World Factbook, here are the countries with the biggest proven oil reserves.
Oil prices are on the move again, and these strategists say the Norwegian krone will benefit.
At least 35 people died at St. Theresa Catholic Church and dozens were wounded as radical Muslim militants launched coordinated attacks across Africa's most populous nation within hours of one another.
Africa share valuations are compelling and the region is ripe for investment, Graham Stock, chief strategist at Insparo Asset Management, told CNBC Thursday.
"Now is absolutely the right time to invest in Africa. We are talking about price-earning ratios in the low single digits in some cases. There are some very attractive opportunities across a wide range of countries," Graham Stock, chief strategist at Insparo Asset Management, told CNBC.
"There are countries that are classified as MAVINS, and include Mexico, Argentina, Vietnam, Indonesia, Nigeria and South Africa. I believe these are the next countries on the horizon that will show incredible possibilities," Aroop Zutshi, president of Frost & Sullivan Global, told CNBC.
With data from the Energy Information Administration (EIA), a division of the Department of Energy, CNBC.com took a look at the countries that produce the most crude oil on a daily basis.